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    nitinbedi's Avatar
    nitinbedi Posts: 9, Reputation: 1
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    #1

    Mar 25, 2007, 09:43 PM
    1040nr or 1040nr-ez
    For year 2006 I was on opt till march 01... and H1 B for rest of the year.. . I came to us in July 2002 from India
    Should I file 1040 nr or 1040nr -ez.. I know this is a common questions and have read a few... but I wanted to know what's the difference in both.. :confused:
    If I can file 1040nr-ez.. can I claim itemized deductions on line 11.. this is equal to my federal and local taxes which is more than standard deduction :cool:

    Also if 1040 nr can I claim 5150 and 3300 deductions.. I am also claiming student loan interest deductions. Gross income after these deductions is about 40,000
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 29, 2007, 11:26 AM
    You must file a dual-status return (which an amateur should NOT file; get professional help).

    You CAN claim the $5,150 standard deduction, the $3,300 personal exemption, PLUS deduct the student loan interest.
    nitinbedi's Avatar
    nitinbedi Posts: 9, Reputation: 1
    New Member
     
    #3

    Mar 29, 2007, 05:39 PM
    Thank you AtlantaTaxExpert .
    I assume I have to file 1040 NR and deduct the 3 things from it.
    I got turbo-tax and it did 1040A with same 3 deductions
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Apr 3, 2007, 03:48 PM
    Turbo-tax is for resident aliens; the computations WILL be different.
    The Texas Tax Expert's Avatar
    The Texas Tax Expert Posts: 310, Reputation: 7
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    #5

    Apr 4, 2007, 07:05 AM
    Quote Originally Posted by nitinbedi
    for year 2006 i was on opt till march 01 ..... and H1 B for rest of the year. .. i came to us in July 2002 from India
    shud i file 1040 nr or 1040nr -ez .. i know this is a common questions and have read a few ... but i wanted to know whats the difference in both.. :confused:
    if i can file 1040nr-ez .. can i claim itemized deductions on line 11.. this is equal to my federal and local taxes which is more than standard deduction :cool:

    also if 1040 nr can i claim 5150 and 3300 deductions.. i am also claiming student loan interest deductions. gross income after these deductions is about 40,000
    ATE is right. You are a dual status alien and should file a dual status return. If you are married, you might be able to make an election to file with your spouse and be a full year resident.

    See Pub 519 or hire someone for the dual status return.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Apr 13, 2007, 12:06 PM
    No comment!

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